Free Trial

(M9) Mid-March Lows Under Pressure.......>

GILT TECHS
GILT TECHS: (M9) Mid-March Lows Under Pressure
*RES 4: 129.22 High Sep 8 2017 (continuation chart) 
*RES 3: 126.52 High Dec 15 2017 (continuation chart) 
*RES 2: 129.74 High March 25 
*RES 1: 128.37 High April 10 
*PRICE: 126.85 @ Close Apr 16 
*SUP 1: 126.61 Low Apr 15 
*SUP 2: 126.47/44 Low Mar 14/ Low Mar 12 
*SUP 3: 125.55 Low Mar 1 
*SUP 4: 125.10 55-dma (continuation chart) 
Gilt futures consolidated recent weakness yesterday ahead of the March 14/March
12 lows at 126.47/44, which remain the downside targets. A break below here
would bring the March 1 low into focus ahead of the 55-dma on the continuation
chart. To reignite upside momentum bulls need to recover the April 10 high at
128.37, above which would shift the focus back to the March 25 high at 129.74.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.